Sony (SONY) has announced a 1:5 stock split, effective Wednesday, October 9th.
What’s affected:
- MT5 platform
Starting from Market open on the 9th Oct, SONY.NYS will quote with post-split price. Historical Chart will be adjusted to post-split prices.
Will my position be affected?
- All SONY.NYS open positions on 8th Oct EOD will be increased by 5 folds. They get 4 additional lots for every lot of holding.
e.g. 1 lot will become 5 lots.
- For positions that exceed the maximum (1000 lots) after the split, you will see a new trade with excess volume.
e.g. a 1000 lots position will become five 1000 lots positions.
- Floating PnL will remain unchanged as the open prices will be adjusted accordingly.
- Existing positions SL/TP will be decreased by 5 folds as well.
eg. SL of 100 will be adjusted to 20.
- Pending positions will be deleted.
In short, there is no need for any action.
Beware of the market risk and increased volatility during the period. If you have any questions or need further clarification, please do not hesitate to reach out.
Thank you for your cooperation.